(Reuters) – Dating app Bumble is preparing for an initial public offering (IPO), and could seek a valuation of $6 billion to $8 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Bumble’s IPO could come early next year, the report said, adding that no plans had been finalised and the timing of the IPO could change. (https://bloom.bg/2YTvTPW)
Tech companies are looking to ride the stunning recovery in U.S. capital markets from the COVID-19 pandemic that earlier this year forced several companies to postpone their debuts.
Bumble did not respond to a Reuters request for comment.
(Reporting by Neha Malara in Bengaluru; Editing by Vinay Dwivedi)